New Study Income outpaces rental growth
Boston Condos for Sale and Apartments for Rent
New Study Income outpaces rental growth
Incomes surpassed rental growth in 37 of the largest 50 U.S. metros this October — including Boston, according to new research from Zillow.
The typical asking rent for an average rental unit reached $2,917. Though that’s a 3% increase from last year, the median household income outpaced this acceleration, growing 3.8% during the same time frame.
At this rate, a new renting household earning the median income would need to spend 28.2% of their income to afford the typical rent, still slightly above the national average of 27.2%.
Boston residents also have increasing access to forms of rental assistance. Data showed that 32.9% of rental units in the city offer concessions, marking a 3.2% jump from last year.
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Ford Realty Beacon Hill – Condo for Sale Office
Boston condos for sale – Ford Realty Inc
Updated: Boston Condos for Sale Blog 2025
Byline – John Ford Boston Beacon Hill Condo Broker 137 Charles St. Boston, MA 02114
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